Nvidia CEO Jensen Huang Resigns After Affair With Alleged Chinese Spy

welt.de (German) —

Nvidia CEO Jensen Huang has resigned with immediate effect following an affair with an alleged Chinese spy. CFO Colette Kress will serve as interim CEO while a search for a permanent successor begins. The company's stock fell about 13 percent at Thursday's market open, erasing roughly $800 billion in market value since the affair was revealed on Sunday. Huang admitted to the extramarital relationship, and media reports allege he also had a relationship with a subordinate executive. Huang led Nvidia since its founding in 1993, becoming a central figure in the AI boom. The company controls an estimated 80 percent of the global AI processor market. The FBI is investigating, and the US Congress plans to hold a hearing on the matter.


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